DDoS on HSBC, disruption in online banking services

The Hongkong and Shanghai Banking Corporation, also known as HSBC, was the next victim of a distributed denial-of-service attack (DDoS), making it impossible for customers to conduct their Internet banking services.

According to a statement posted on its website:

On 18 October 2012 HSBC servers came under a denial of service attack which affected a number of HSBC websites around the world.

This denial of service attack did not affect any customer data, but did prevent customers using HSBC online services, including internet banking.

We are taking appropriate action, working hard to restore service. We are pleased to say that some sites are now back up and running.

We are cooperating with the relevant authorities and will cooperate with other organisations that have been similarly affected by such criminal acts.

We apologise for any inconvenience caused to our customers throughout the world.

The update on its website stated, “HSBC restored all of its websites globally to full accessibility as of 11:00 PM EST time last night. ”

DDoS attacks, conducted by cyber criminals, are a means of controlling a certain number of computers to target a single or group of Internet servers, in attempts to overload them. This in turn, causes the server to shutdown, or discontinue its service until the load wears down.

This is only one of the few latest DDoS attacks on corporations or government entities.

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